Artificial intelligence, or AI, is a concept that is less science fiction and more a part of our daily life than ever. While many people may still associate AI with Skynet, the reality is that AI is already used in our daily lives in ways that many people don’t fully understand. This is especially true of the business world. But before we dive into the role of artificial intelligence in business, we must first understand what constitutes AI.
- Defining AI
In the simplest of terms, AI refers to computer systems that are designed to complete tasks commonly associated with human intelligence. Visual recognition, decision making, and data analysis all fall under the umbrella of artificial intelligence. Adapt Solution knows that the prospects for this type of computing system could have far-reaching implications, particularly in the business world.
- Common Types of AI
While the term AI continues to expand, one of the most common forms of this technology is known as machine learning. Used primarily to process massive amounts of data quickly, machine learning utilizes algorithms that can identify patterns and trends in data sets that humans simply could not manage. These algorithms can be extremely useful in situations like the analysis of a factory’s production and identifying anomalies from a variety of inputs.
Deep learning is often viewed as the next step in the evolution of artificial intelligence in business. What sets deep learning algorithms apart from previous AI is their ability to analyze a variety of factors simultaneously, thanks to their use of neural networks to employ non-linear reasoning. This ability to analyze multiple data streams makes these algorithms particularly useful in increasingly complex operations like fraud detection.
- Artificial Intelligence in Business
Augmented analytics is one trend that is gaining a lot of attention in the business world. Basically, these algorithms allow for a much simpler process of data extraction and analysis through the use of machine learning algorithms, reducing human error, and the resources spent on this vital process.
Natural language processing (NLP) is another example of artificial intelligence in business with broad implications, one of which is the ability to allow someone with no understanding of SQL to build their own queries. Given the growing importance of digital marketing, NLP is an exciting development for the use of artificial intelligence in business.
Given the ubiquitous nature of computers in modern business, cybersecurity is essential and AI has profound implications here as well. By using deep learning algorithms AI can help secure systems by analyzing vast amounts of data and reduce “noise” to create a more accurate and secure business environment.
Self-learning systems also have profound implications for the use of artificial intelligence in business scenarios. As the name implies, these systems use knowledge-based systems and analytic algorithms to acquire new skills and accomplish a growing number of tasks.
Adapt Solution are experts in all areas of artificial intelligence in business. To find out more about our company, and how we can help your business, please click here. Alternatively, to know more about the services we offer, please visit our Services page by clicking here.